News UK rates Nigeria economy fastest growing in Africa

UK rates Nigeria economy fastest growing in Africa

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Helen Grant, United Kingdom Trade Envoy to Nigeria, has ranked the country’s economy as the fastest growing in Africa.

The rating came the same day statistics show that Nigeria has slipped into recession again.

Grant spoke at the Nigerian Diaspora Investment Summit (NDIS) organised by Nigerian in Diaspora Commission (NiDCOM), NAN reports.

The ambassador assured that the UK government was ready to enhance trade relations with Africa’s most populous nation.

Grant stressed that the country was full of investment opportunities and potentials.

“We look forward to coming to Nigeria to identify with viable businesses that the UK government could partner with in generating real and long term benefits for both countries,” she said.

The World Bank had hinted that the collapse in oil prices and coronavirus could drag Nigeria into the worst recession since the 1980s.

 

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